Can Starbucks Soar 10x to Become a Trillion-Dollar Company by 2050?
Over more than five decades (NASDAQ: SBUX) has become a ubiquitous coffeehouse chain with one of the world's most recognizable consumer brands. And shareholders who've held on along the way have also been rewarded thanks to a steadily rising stock price.
As of this writing, this top restaurant enterprise carries a market cap of $100 billion. That's after shares have fallen 30% from their peak price, which was set in July 2021.
Starbucks' biggest bulls hope that another milestone can be achieved in the long term. Can this industry leader increase 10-fold to reach a trillion-dollar market cap by 2050?
Source Fool.com
Starbucks Corp. Stock
€72.24
-0.880%
The stock is an absolute favorite of our community with 22 Buy predictions and no Sell predictions.
As a result the target price of 100 € shows a positive potential of 38.43% compared to the current price of 72.24 € for Starbucks Corp..
